Legal Description

Overview

Mount Pleasant Manor is a well maintained and updated 3-storey wood-frame rental apartment building featuring 23 suites. Constructed in 1969, the building is improved on a 99’ × 122’ (12,078 SF) RM-4 zoned lot a block east of Main Street on East 13th Avenue. The property features balconies/patios, secure underground parking, storage lockers and an ongoing capital upgrades program. The rents are significantly under market.

Building Highlights

Irreplaceable Mount Pleasant location a block from Main Street and along E. 13th Avenue

23 suites: 6 bachelors; 16 one-bedrooms; 1 two-bedroom

Many upgrades over the years to suites and common areas

Very clean brick and stucco exterior, attractive lobby and grounds

Gas-fired hot water heat

Laundry: 2 dryers; 2 washers (leased)

Parking: Secure underground parkade featuring 22 stalls

Storage: large full-size lockers for each tenant

99 feet of frontage

Mid block, quiet location

A Stage 1 Environmental Report has been commissioned

Upgrades

New roof (2005)

New windows (2012)

New sliding doors (2012)

Membrane in underground parking area renewed with heavy sealant and gravel, also with drainage around outside perimeter (2007)

Location

Mount Pleasant Manor is located one block east of Main Street on the north side of East 13th Avenue in Vancouver’s trendy Mount Pleasant neighbourhood. Mount Pleasant is one of Vancouver’s oldest neighbourhoods with a rich history. It is a vibrant area known for its artistic stores, heritage buildings, and arts-focused festivals. Annual community events include The Drift Art on Main Street, Music on Main, the Autumn Shift Festival, and Car Free Vancouver Day Festival. The area is popular with first-time homebuyers, urban professionals and families. Finally, Vancouver’s new Tech Hub will bring significant employment opportunities to the area.

Major transportation routes in a north/south direction are along Cambie and Main Streets, Kingsway and Fraser Street, with east/west travel provided by Broadway, E. 12th and E. 16th Avenue. It’s approximately 10 minutes to Downtown, beaches, and 20 minutes to UBC, making this site a prime and convenient location for future potential redevelopment. A sampling of the amenities within walking distance to the subject property include the Point Center Mall, Heritage Hall, Canada Post, G&F Financial Group, Pharmasave, Save-On-Foods, and a variety of restaurants and cafes. Mount St. Joseph Hospital is just a few blocks away on Prince Edward and E. 15th Avenue.